FXCM
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77% of retail CFD accounts lose money.

Vs.

Binance
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Investing in cryptocurrencies involves risk.

FXCM Vs. Binance - Compare and Choose the Right One

Updated Jan 19 2023

Visit

77% of retail CFD accounts lose money.

Visit

Investing in cryptocurrencies involves risk.

Overview

FXCM is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering. 

**The below information is provided based on FXCM EU LTD. For other FXCM entities, please go to the corresponding FXCM website for more information.

TheTradingBible.com is acting in a capacity of marketing affiliate for FXCM EU LTD.

Binance is a global cryptocurrency exchange founded in 2017 in China with the aim of providing the ultimate trading solution. Currently, they offer more than 700+ cryptocurrencies, derivatives (such as Vanilla options, futures, staking), a Launchpad platform for ICOs and many more services such as several trading platforms with different complexity levels.

Best For
  • Professional algorithmic traders looking to benefit from their comprehensive API offering.
  • Avid cryptocurrency traders and investors from intermediate to expert levels
  • Day traders looking for a high liquidity exchange with competitive fees
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

2

Other Licenses

2

Provided by
TheTradingBible.com

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Financial
Licenses

Regulation

Unregulated

Top-tier Licenses

0

Other Licenses

0

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • CySec (Cyprus)
  • FCA (United Kingdom)
  • FSCA (South Africa)

None

The Good
  • Comprehensive API offering with a variety of conditions and programming languages at no additional cost
  • Proprietary platform (Trading Station)
  • Largest cryptocurrency exchange in the world by liquidity
  • Massive cryptocurrencies selection available (700+)
  • Large amount of financial products in the form of derivatives (Vanilla options, futures, etc)
  • Advanced trading platforms with visual order books at no cost
The Bad
  • Lack of asset variety in their offering (over 463+ financial instruments)
  • Costly spreads when compared to similar competitors
  • Interface can be complex to use for beginners
  • The wide selection of products and derivatives can also be intimidating for beginners
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 day 1 day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
1999 2017
💳 Minimum Deposit Range
$50 0
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Cryptocurrency
  • Bank transfers
  • Visa
  • Mastercard
💵 Account Base Currencies
4 - EUR GBP, USD, CHF. All supported cryptocurrencies.
🗽 Available to U.S Citizens
No Yes
❌ Restricted Countries

RU, US, CA, JP, SK, BE and more.

None
📊 STP Account
No No
📊 DMA Account
No No
📊 ECN Account
No No
Banking License
No No
Debit Card
No Yes
Assets
📚 Assets Type
CFDs Hybrid
Total Asset Offering
447 750
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
341 0
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
41 0
📗 Commodities
0 0
📗 Commodities CFDs
14 0
📕 Indices
0 0
📕 Indices CFDs
19 0
📔 ETFs
0 0
📔 ETFs CFDs
0 0
💸 Cryptocurrencies
0 750
💸 Cryptocurrency CFDs
22 0
📒 Bonds
0 0
📒 Bonds CFDs
10 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
1 Share Unavailable
📉 Minimum ETFs Trade Size
Unavailable Unavailable
📈 Minimum Crypto Trade Size
1 Unit $10
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) Unavailable
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 1 Troy ounce of Gold) Unavailable
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 100
💪 Professional Leverage
400 Unavailable
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes No
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
No No
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes Yes
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes No
👫 Social Trading
Yes No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes No
Fees
💰 Inactivity Fee

50 units of the account's base currency yearly after 1 year of inactivity.

None
💰 Deposit Fees

Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency).

None
💰 Withdrawal Fees
None None
💰 Commissions
None

Fixed 0.1% trade value fee for spot trades.

Spreads
📈 EUR/USD
Dynamic - From 1.2 Pips Unavailable
📉 SP500
Dynamic - From 58 Pips Unavailable
📈 GOLD
Dynamic - From 41 Pips Unavailable
📉 TSLA (Stock CFD)
Dynamic - From $1.04 Unavailable
📈 XLK (ETF - CFD)
Unavailable Unavailable
📉 BTC
Dynamic - From $51 Dynamic - From $1
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes No
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No
📡 Educational Content
Yes Yes
📡 Live Chat Support
Yes No
📡 Video Tutorials
No Yes
📡 Account Management
No No
📡 Webinars
No No